Ameritas Investment Partners Inc. Trims Stock Holdings in AECOM (NYSE:ACM)

Ameritas Investment Partners Inc. lessened its position in shares of AECOM (NYSE:ACM) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,454 shares of the construction company’s stock after selling 1,041 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in AECOM were worth $4,447,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in AECOM in the first quarter valued at approximately $25,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of AECOM during the 4th quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new position in AECOM in the fourth quarter valued at $28,000. Rise Advisors LLC purchased a new position in shares of AECOM during the 1st quarter valued at approximately $31,000. Finally, Family Firm Inc. purchased a new stake in AECOM in the 2nd quarter worth $31,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Truist Financial reaffirmed a “buy” rating and set a $108.00 price objective (up from $107.00) on shares of AECOM in a report on Wednesday, August 7th. Barclays increased their target price on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Robert W. Baird boosted their price target on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup decreased their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, KeyCorp upped their target price on shares of AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $105.00.

AECOM Stock Down 0.0 %

Shares of NYSE:ACM opened at $101.20 on Friday. The company has a market capitalization of $13.78 billion, a price-to-earnings ratio of -1,124.44, a PEG ratio of 1.60 and a beta of 1.17. AECOM has a 12-month low of $74.40 and a 12-month high of $102.26. The business has a 50-day moving average price of $94.62 and a 200 day moving average price of $92.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Sell-side analysts expect that AECOM will post 4.46 EPS for the current year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, October 2nd. AECOM’s payout ratio is -977.78%.

AECOM Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.